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ORBIMAGE Holdings Inc. (Dulles, Va.), has finalized the acquisition of substantially all of Denver-based Space Imaging's assets. The combined company will now do business under the brand name GeoEye. GeoEye is the world's largest commercial satellite imagery company with a pro forma combined revenue for 2005 of approximately $160 million. The purchase price was approximately $58.5 million less amounts which were paid by Space Imaging on its existing debt as well as certain other adjustments.

"Governments can be assured, especially the U.S. Department of Defense and the U.S. intelligence community, that the commercial satellite imaging industry is here to stay," said. Lt. …

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ORBIMAGE has finalized the acquisition of substantially all of Denver-based Space Imaging's assets. The new, combined company will now do business under the brand name GeoEye. The purchase price of Space Imaging was approximately $58.5 million, less amounts paid by Space Imaging on its existing…